Royal Bank of Scotland: "sell everything"
01-13-2016, 04:09 PM
#41
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Joined APC: Jul 2013
Posts: 10,061
Originally Posted by SayAlt
Not true. The example of Marriott I gave above demonstrated that timing of moves is not that difficult...
...when you know what you're doing, that is. And just like learning how to fly, anyone can learn how to do it.
Look, my point is simple.
RBS, Goldman, and a host of other investment pros are telling anyone who will listen to go to cash. Now. They were correct in 2008 when they last issued warnings as grave as they are today.
There are reams of excellent info as to why you should go to 100% cash that is available for anyone who chooses to look for it. Furthermore, RBS, Goldman, etc. are not in the business of giving bad advice, otherwise they'd be out of business pretty quick.
If you don't think the global and US markets aren't going into a major correction (or worse), for whatever reason, fine. I'm simply trying to warn anyone willing to listen that now is an excellent time to go to 100% cash and wait a year before jumping back in.
In the end, I really don't care. Just some free advice with demonstrable proof that I actually know what I'm talking about. I'm simply offering solid, experienced investment advice backed up by historical example and proof of my knowledge (if not my math skills).
Take it or ignore it. Either way I'm cool with that. Now you'll please excuse me...my tin foil hat needs adjusting.
...when you know what you're doing, that is. And just like learning how to fly, anyone can learn how to do it.
Look, my point is simple.
RBS, Goldman, and a host of other investment pros are telling anyone who will listen to go to cash. Now. They were correct in 2008 when they last issued warnings as grave as they are today.
There are reams of excellent info as to why you should go to 100% cash that is available for anyone who chooses to look for it. Furthermore, RBS, Goldman, etc. are not in the business of giving bad advice, otherwise they'd be out of business pretty quick.
If you don't think the global and US markets aren't going into a major correction (or worse), for whatever reason, fine. I'm simply trying to warn anyone willing to listen that now is an excellent time to go to 100% cash and wait a year before jumping back in.
In the end, I really don't care. Just some free advice with demonstrable proof that I actually know what I'm talking about. I'm simply offering solid, experienced investment advice backed up by historical example and proof of my knowledge (if not my math skills).
Take it or ignore it. Either way I'm cool with that. Now you'll please excuse me...my tin foil hat needs adjusting.
What happens to the market when people start pulling all of their investments into cash? Who then says it is okay to buy again?
Additionally, weren't the major banks "blind" or intentionally ignoring the 2008 crisis? Didn't they say places that no longer exist were too big to fail?
01-13-2016, 04:16 PM
#42
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Originally Posted by deltajuliet
would you mind explaining very generally why the market still goes into recessions? I understand taking a hit on stock value, but why do companies suddenly lose money and people get laid off?
Excess capacity and over-investment. Oil is a good example right now.
01-13-2016, 04:20 PM
#43
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Posts: 10,061
Originally Posted by SayAlt
Simple answer:
Excess capacity and over-investment. Oil is a good example right now.
Excess capacity and over-investment. Oil is a good example right now.
01-13-2016, 04:24 PM
#44
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Originally Posted by CBreezy
What happens to the market when people start pulling all of their investments into cash? Who then says it is okay to buy again?
Originally Posted by CBreezy
Additionally, weren't the major banks "blind" or intentionally ignoring the 2008 crisis? Didn't they say places that no longer exist were too big to fail?
01-13-2016, 04:26 PM
#45
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Originally Posted by CBreezy
Oil is an example of OPEC flooding the market to capture revenue and price out US shale oil production. When they eventually bankrupt US oil production, what do you think happens?
Look at total US oil production over the last decade. OPEC wasn't alone in "flooding the market" with oil. All that new shale/fracking production went completely unchecked. Greed is what is killing the oil producers.
01-13-2016, 04:27 PM
#46
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Joined APC: Dec 2005
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Posts: 3,966
Originally Posted by daOldMan
Just go to Vegas and hit the black jack and craps tables.
Originally Posted by higney85
That's a fundamentally stupid investment decision.
01-13-2016, 08:02 PM
#49
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Posts: 3,093
The recent collapse in both oil and stock prices is due to the huge uncertainty going on in China right now. Their numbers prompted the sell offs.
In reality oil is only at a ~2% over supply level. Not really that much but there is an interesting predicament that the frackers have got themselves into. The lower crude goes the more they have to pump to make debt payments. It's a vicious cycle. This is why even while rigs are coming offline at break neck speed, production continues to climb toward 10 mil barrels a day domestically.
Oil prices live and die by the supply/demand and OPEC has lost control this time around. It will self correct but it might be a while. The key thing to realize is the decline in prices is not due to a decline in demand which as driven the other crashes, demand is still strong which is good news economically.
In reality oil is only at a ~2% over supply level. Not really that much but there is an interesting predicament that the frackers have got themselves into. The lower crude goes the more they have to pump to make debt payments. It's a vicious cycle. This is why even while rigs are coming offline at break neck speed, production continues to climb toward 10 mil barrels a day domestically.
Oil prices live and die by the supply/demand and OPEC has lost control this time around. It will self correct but it might be a while. The key thing to realize is the decline in prices is not due to a decline in demand which as driven the other crashes, demand is still strong which is good news economically.
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